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...﻿1. Background
Harrison Brothers Corporation is one of the largest traditional department stores in the United States. The goal of the company is to become the leading chain of department stores that sells high quality clothing to middle-class and fashion-concerned customers. Like other companies in the retail industry, Harrison Brothers are experiencing various changes in customers’ buying preferences. In addition to that, the problem of retention of well-trained, highly motivated salesman and managers has become even more challenging in the industry. James Harrison, the CEO of Harrison Brothers, knowing the importance of human resources, did a survey on human resource and other key managers at the store level.
2. Problem Definition
The survey indicates there are lots of problems in the HR department and these problems might indirectly or directly slow down Harrison Brothers’ growth in the future. The major human resource management (HRM) problem in Harrison Brothers is that HRM is still struggling in its function of maintaining personnel. For example, since there is heavy turnover on salesman, Brenda McCain, the human resource manager, conducted about 25 to 30 interviews a week, and more during the holiday rush. Further, there is only one trainer in Harrison Brothers, causing McCain to spend a lot of time on training, neglecting bigger picture HRM issues.
One of the other problems...

...Toll Brothers, Inc.
MEMORANDUM
A request has been made in regards to the strategic management effort of Toll Brothers, Inc. current and future financial position by senior management. The report has several components starting with a Memorandum Introduction followed by an EFE Matrix, IFE Matrix, SWOT Matrix, Porter’s Five Competitive Forces, and the conclusion.
Toll Brothers is a construction company that was founded in 1967 originally designed and built luxury homes in the suburbs of Philadelphia, Delaware, and southern New Jersey. Financing was arranged for these luxury homes and luxury residential resort-style golf homes in communities throughout the country as well. In 1986, Toll Brothers became a publicly traded company and expansion followed soon afterwards. We also build urban low, mid and high rise communities primarily on land we develop and renovate. Today the company operates in 21 states across the U.S. and is headquartered at Pennsylvania (David, (2009), pp. 133-141). The target market groups include leading edge Baby Boomers, move-up, empty nesters, and active-adults, age-qualified and second home buyers. Also, we provide building and upgrading services directly and through joint ventures for existing rental apartment buildings and convert them into high-, mid- and low-rise luxury homes. We have established a market for our luxury homes in certain markets through community...

...internal controls in place, and it would had limited Woody’s ability to carry out his actions.
III. Since Woody, as sales representative, had unrestricted access to the accounting system, the company did not implement an appropriate segregation of duties, which in turn, it allowed Woody to easily perpetrate the fraud. He was able to do majority of the functions characteristic to the purchasing cycle such as authorize the purchase orders of the well-established customers, approve the purchase order returns, and issue credit memos.
IV. The company had inappropriate accounting enterprise resource planning (ERP) system. Their ERP system was more characteristic for small-size companies rather than large-size companies such as GoodnerBrothers, Inc.
V. The company had (in my opinion) inadequate business strategy that was heavily focused on increasing sales, and put little emphasis of having extensive system of internal controls. In order to achieve their ambitious operational and strategic goals, the company significantly cut on operating expenses, including expenditures on internal control measures, which in turn, it significantly exposed them to fraud risk.
3. Develop one or more control policies or procedures to alleviate the control weaknesses you identified in responding to Question 2.
Internal control policies that would alleviate the control weaknesses should be the following:
➢ The company should...

...﻿
Domino's Pizza Australia
(29 September 2014)
By :
To :
Paper : BSCM 4.720 Business Strategy and Change Management
Word Count : 3,703
Executive Summary
The objective of this report is to analyze the business situation wherein Domino's operates in the market and to obtain an understanding on the strategic analysis tools that can be used to acquire a new competitive advantage against their major rivals such as Pizza Hut, Eagle Boys, La Porchetta, etc. The intent of the assignment is to learn the factors that caused increase in profitability and sales and defining the actions necessary to further improve the QSR segment rank.
The strategic management tools used are PESTEL ANALYSIS including the identification of the Key Drivers and the relative Scenario Building, and SWOT Matrix. Recommendations have highlighted several concrete suggestions for positive outcomes.
Table of Contents
Executive Summary -----------------------------------------------------------------------------
1
1.0 Description of the Industry ----------------------------------------------------------------
3
1.1 Brief Description of Domino’s Australia -------------------------------------------
4
.2 Main Rivals of Domino’s Australia -------------------------------------------------
5
2.0 Strategy of Domino’s Australia -----------------------------------------------------------
5
3.0...

...DATE: March 6, 2013
SUBJECT: GoodnerBrothers, Inc.
The GoodnerBrothers, Inc. audit case is based off the story of two men who have been friends since their childhood: Woody Robinson and Al Hunt. Now as adults, Mr. Hunt works for an auto supply store while Mr. Robinson works for GoodnerBrothers, Inc., a tire wholesaler in Huntington, West Virginia. In the Goodnercase, internal auditors were conducting their annual inventory counts of GoodnerBrothers, Inc. and determined that their numbers were lower than the book inventory numbers by $143,000. As it would with any company, the misstatement of inventory raised red flags forcing the company to contact their independent audit firm to investigate the inventory shortage. The investigation concluded that the company did not have adequate internal controls and that many issues involving Mr. Robinson existed. Below I have detailed my overall opinion, the issues surrounding the company, and future internal control procedures that might help limit inventory theft and access to accounting records.
At the conclusion of the investigation, the company ultimately filed a lawsuit against Mr. Robinson, thus meaning he was terminated from the company prior to the lawsuit. I agree with this action because it was the only solution to setting a new tone at the top. If the company...

...﻿1. List what you believe should have been the three to five key internal control objectives of Goodner's Huntington sales office.
The GoodnerBrothers, Inc. case is an example of when company profits derived from management’s culture facilitated weak internal controls which allowed employees to commit serious fraud. "Goodner's' executives preached one dominant theme to their sales staff "volume, volume, volume." The Goodner Company in an effort to undercut its cut back on operating expenses primarily related to internal controls. "Goodner's gross profit margin averaged 17.4 percent, considerably below the mean gross profit margin of 24.1 percent for comparable tire wholesalers. To compensate for its low gross profit margin. Goodner scrimped on operating expenses, including expenditures on internal control measures." Five key internal control objectives the Goodner's Huntington sales office were should have implemented are;
a. Segregation of duties between employees that start, approve and record transactions. Woody Robinson was given full access to the Goodner Huntington sales office accounting system. Nearly all sales representatives had access to the accounting system, inventory and customers orders.
b. Monitoring of inventory, management at Goodner Huntington facility should have monitored inventory more often than once a year. This infrequent inventory monitoring...

...GoodnerBrothersCase
1.) List what you believe should have been the three to five key internal control objectives of Goodner’s Huntington sales office.
• All transactions are recorded.
• Transactions are properly presented and disclosed.
• Reliability of financial statements and information.
• Accuracy of accounting records.
• Safe-guarding/Security of assets.
2.) List the key internal control weaknesses that were evident in the Huntington unit’s operations.
• Absence of appropriate segregation of duties over important processes.
b. Sales force allowed to enter transactions into data systems.
• Absence of appropriate reviews and approvals of transactions, accounting entries, or systems output.
a. Sales force allowed to enter transactions into data systems, no signoff on entries.
• Inadequate controls to safeguard assets.
a. Dimly lit warehousing spaces, full access to inventories for all employees, etc.
• Absence of controls to ensure that all items in a population are recorded.
a. Inadequate frequency of inventory physicals.
• Inadequate controls over access to computer systems, data, and files.
a. No master-data control, sales force user profiles should not be able to access ledger system or enter transactions due to SOD conflicts.
3.) Develop one or more control policies or procedures to alleviate the control weaknesses you identified in responding to Question 2.
Since most of the problems that...

...Introduction
In this case we get an entire scenario about how the Japan deflation set in, what were the effects of the deflation on the economy as well as on the people of Japan. It also mentions about the various reasons because of which Japan was in such a tight grip of Deflation, Depression, Demographics and Debts Guides us through the steps taken by the government in order to curb this deflation. Imparts a great knowledge to us about the various economic terms like deflation, self-liquidating credit, Non-Self Liquidating Credit and how the people and economy of a country is affected by these.
Free markets economies are subject to cycles. Economic cycles consist of fluctuating periods of economic expansion and contraction as measured by a nation's gross domestic product (GDP). The length of economic cycles (periods of expansion vs. contraction) can vary greatly. The traditional measure of an economic recession is two or more consecutive quarters of falling gross domestic product. There are also economic depressions, which are extended periods of economic contraction such as the Great Depression of the 1930s.
From 1991 through 2001, Japan experienced a period of economic stagnation and price deflation known as "Japan's Lost Decade." While the Japanese economy outgrew this period, it did so at a pace that was much slower than other industrialized nations. During this period, the Japanese economy suffered from both a credit crunch and a liquidity trap....